The Global Copper Clad Steel Wire Market is estimated to be valued at US$ 12,366.13 Million in 2020 and is expected to exhibit a CAGR of 6.84% over the forecast period of 2021 to 2028, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Copper clad steel wire is extensively used in the telecommunications industry for the transmission of signals over long distances. It offers excellent electrical conductivity and strength, making it an ideal choice for telecommunication cables. Additionally, the growing demand for power transmission in various industries is further driving the market for copper clad steel wire. The wire's ability to provide reliable and efficient power transmission makes it highly desirable. Moreover, the increasing adoption of copper clad steel wire in automotive applications, such as electrical harnesses and grounding systems, is further propelling market growth.
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